Aker BP establishes next-generation MMO alliance with Aker Solutions

Q: What are the key terms of the Aker BP MMO alliance announced Feb 16, 2026 (AKRBF)?

The alliance is a five-year MMO agreement effective 1 March 2026 with options for two additional four-year periods. According to the company, it covers all Aker BP-operated assets on the Norwegian continental shelf and creates a long-term collaboration model.

Q: How does the Aker BP (AKRBF) alliance with Aker Solutions aim to improve operations?

It aims to compress timelines, improve quality, and increase productivity through integrated teams. According to the company, improvements will be driven by deeper organisational integration and expanded data-driven and AI-supported workflows.

Q: Which assets are included in Aker BP's MMO agreement with Aker Solutions (AKRBF)?

The agreement covers all Aker BP-operated assets on the Norwegian continental shelf . According to the company, the scope is company-operated fields and facilities across the Norwegian continental shelf.

Q: When does the Aker BP and Aker Solutions MMO agreement (AKRBF) begin and what is its duration?

The contract begins on 1 March 2026 and runs for five years, with options for two additional four-year periods. According to the company, this structure is intended to ensure predictable, long-term collaboration.

Q: What role will AI and data play in the Aker BP MMO alliance (AKRBF)?

AI and data will be used to scale data-driven workflows and improve efficiency across integrated teams. According to the company, this expansion of AI-supported workflows is a core enabler of the alliance’s productivity goals.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Very Positive)

Rhea-AI Summary

Aker BP (OTC:AKRBF) has awarded Aker Solutions a long-term Maintenance, Modification and Operation (MMO) alliance covering all Aker BP-operated assets on the Norwegian continental shelf. The five-year agreement starts 1 March 2026 and includes options for two additional four-year periods, creating a predictable, integrated partnership.

The alliance aims to accelerate marginal field developments and modernise facilities by using integrated teams, expanded data-driven and AI-supported workflows, and a commercial model that incentivises performance and continuous transformation.

Positive

Five-year agreement effective 1 March 2026
Options for two additional four-year periods
Covers all Aker BP-operated assets on the Norwegian continental shelf
Targets compressed timelines, improved quality, and increased productivity
Expanded use of data-driven and AI-supported workflows
Commercial model designed to incentivise strong performance

Negative

None.

02/16/2026 - 02:35 AM

LYSAKER, Norway, Feb. 16, 2026 /PRNewswire/ -- Aker BP has awarded Aker Solutions a long-term agreement for Maintenance, Modification and Operation services (MMO) covering all Aker BP-operated assets on the Norwegian continental shelf.

The five-year agreement, effective from 1 March 2026, includes options for two additional four-year periods, ensuring a predictable and long-term collaboration between the companies.

The next generation MMO alliance will be a key enabler for Aker BP's ambitions to advance marginal field developments and modernise existing facilities. By working in fully integrated teams across the value chain, the parties aim to compress timelines, improve quality, and increase productivity.

These improvements will be driven by deeper organisational integration, expanded use of data-driven and AI supported workflows, and a commercial model designed to incentivise strong performance and continuous transformation.

"The Norwegian continental shelf needs a step change in productivity, and this alliance delivers exactly that," says Karl Johnny Hersvik, CEO of Aker BP.
"By working in integrated teams from the start and rethinking how we work through data-driven workflows and scaling the use of AI, we unlock efficiency levels that were simply not possible before," Hersvik adds.

Contacts:
Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217
Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889

This information was brought to you by Cision http://news.cision.com

Aker BP establishes next‑generation MMO alliance with Aker Solutions Aker BP has awarded Aker Solutions a long‑term agreement for Maintenance, Modification and News Powered by Cision

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SOURCE Aker BP ASA

FAQ

What are the key terms of the Aker BP MMO alliance announced Feb 16, 2026 (AKRBF)?

The alliance is a five-year MMO agreement effective 1 March 2026 with options for two additional four-year periods. According to the company, it covers all Aker BP-operated assets on the Norwegian continental shelf and creates a long-term collaboration model.

How does the Aker BP (AKRBF) alliance with Aker Solutions aim to improve operations?

It aims to compress timelines, improve quality, and increase productivity through integrated teams. According to the company, improvements will be driven by deeper organisational integration and expanded data-driven and AI-supported workflows.

Which assets are included in Aker BP's MMO agreement with Aker Solutions (AKRBF)?

The agreement covers all Aker BP-operated assets on the Norwegian continental shelf. According to the company, the scope is company-operated fields and facilities across the Norwegian continental shelf.

When does the Aker BP and Aker Solutions MMO agreement (AKRBF) begin and what is its duration?

The contract begins on 1 March 2026 and runs for five years, with options for two additional four-year periods. According to the company, this structure is intended to ensure predictable, long-term collaboration.

What role will AI and data play in the Aker BP MMO alliance (AKRBF)?

AI and data will be used to scale data-driven workflows and improve efficiency across integrated teams. According to the company, this expansion of AI-supported workflows is a core enabler of the alliance’s productivity goals.